News / Article

It’s the surprise you don’t want when preparing your tax return — instead of the anticipated refund, you owe money. Millions of Americans are getting hit with unexpected tax bills this year.

“If you’re stuck with a tax bill that you weren’t expecting, you are not alone,” said Andrea Coombes, tax specialist at NerdWallet, the personal finance website. “Our 2019 Tax Study found that only 16 percent of Americans had changed their federal tax withholding as a result of the new tax law.”